THE HILL
 
comment
Print

Oil spill cost up to $140 million for federal government

By Vicki Needham - 06/11/10 02:37 PM ET

The U.S. government has spent about $140 million on the oil spill in the Gulf of Mexico, federal officials said Friday. 

Federal authorities will continue "pouring in assets" to pay for containment and cleanup of the oil spill that is affecting four coastal states, Coast Guard Adm. Thad Allen told reporters Friday. 

The Coast Guard and other federal agencies are helping out BP in an effort to get a handle on stopping the flow of oil from the well after the BP-leased rig blew up and sank April 20, and cleaning up the ocean waters as oil makes its way across the Gulf. 

So far, BP has spent nearly $1.5 billion on the spill and given three states — Alabama, Florida and Mississippi — another $25 million each on Thursday to combat the widespread effects of the disaster. 


Source:
http://thehill.com/blogs/on-the-money/budget/102743-oil-spill-cost-up-to-140-million-for-federal-government-

More Videos »

On The Money Twitter - Click to follow
More From The Web
bloglogo

More Briefing Room »

More Congress Blog »

More Pundits Blog »

More Twitter Room »

More Hillicon Valley »

More E2-Wire (Energy) »

More Ballot Box »

More On The Money »

More Healthwatch »

More Floor Action »

More Transportation »

More DEFCON Hill »

More Global Affairs »

More In The Know »

More RegWatch »

Get latest news from The Hill direct to your inbox, RSS reader and mobile devices.